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policy, whether government should support business ventures in new technologies that are unable to secure private funding. government appears to be worse at this than private markets from the records we have over the past five years. in contrast in a speech in california in may, mitt romney said, quote, the president doesn't understand when you invest like that in one solar energy company it makes it harder for solar technology generally because the other entrepreneurs in the solar field suddenly lost their opportunity to get capital. who wants to put money into a solar company when the government put half a billion dollars into one of its choice. excellent question. i wrote this book because we are not just spending half a billion dollars. we are spending $12 billion a year to make electricity more expensive rather than cheaper. that is $6 billion in tax breaks and $6 billion in direct expenditures. the green jobs that makes no sense and has low-income americans, we brainwash our children to think that green is good and fink uncritically about green products and green jobs and yet we can
as advances in military and defense technology. from last week, this runs just over an hour. >> ladies and gentlemen, welcome. my name is gideon and i'm the editor of foreign affairs and it is a wonderful privilege and honor and pleasure to be here again at the halifax from. foreign affairs is in the business of serious discussions by knowledgeable people with important issues, free and frank exchanges on the most important questions out there and that's actually the same business that halifax is and so we are delighted to be the media sponsor, and it is going to be fantastic weekend. let me just cut right to the chase. we have a fantastic panel, and more importantly, a great topic and a wonderful group with all of you as well and so let's get right to it. our panelists here, david singer of "the new york times," the former undersecretary deputy secretary of state for global affairs now a fellow at the center at harvard. the head of telefax holders distinguished sibling, the munich security conference where they have a great group. the point of the session is to do some big thinking on
technology has been severely criticized for being inaccurate. >>> thought to be more than 3 million years old have been found in santa cruz. it looks like a series of spinal rocks is thought to be a whale from the pleiocene era. the tidal pool at the end of the 36th avenue area will probably get lots of visitors next month when there's an extra low tide. it will leave the bones completely expoed. >>> just ahead, jeff joins us and tells us when there's going to be some breaks in the rain. stay with us. >>> if you fly anywhere in the united states your pilot will be using a new system that relies on satellite much like the gps in your car. >> it's a system that's been years in the making. it's meant to save you time and money and make you safer. as nbc's investigative unit has been discovered says the system could be hacked. >>> our investigative reporter steven stock joins us in the newsroom. hacking and flight safety, this is a dangerous mix here. >> absolutely, raj. the system is called nextgen. the next generation of air traffic control. critics tell us they've found some serious flaws in t
it for the wired generation. the digital generation. it used technology in the state to steer children back into the telos o you have-tell us hou have assigned this application? >> these mobile devices are so engaging. this is a great way to tell a story so in our ap this is all about books will launched thousands of titles. and videos! with videos levar burton so the there are islands in the sky, you are in the cockpit of a hot air balloon. >> that is so cool. chain if and austin. >> is it multi-lingual? >> it will be, assuming it is like a subscription model for a library card it is like searchable. they can down load that and they're back pack. you can keep five at a time. >> and like a landing. is a lending library a of the subscrn services at $10 per month we launched in the month of june and this was the end of the first quarter we're beginning to get the results of the athletics and the metrics. we have seen that it is working. 600,000 works. the entry-level its three years old can you imagine any other brick and mortar? in only five months. a bill of the various communities particip
technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. >>> ruckus wireless celebrating its ipo today. trading lower by 2.5% right now. joining us is selina lo. great to have you with us here at post 9. >> hi. >> so many other ipos this week withdrew because of market conditions. you opened at 15 but the stock is trading lower. any regrets? any thoughts about possibly delaying this thing prior? >> no. we had had incredible reception when we were on the road. we had some high quality investors. i believe that this -- we can't control the economy or the stock market but we feel good about our economy and the level of interest. >> ms. lo, can you talk about who your competitors are and one of the things we've been talking about is dell is going by the wayside. sears. who are you replacing? who would i have used before and now i use you? >> we make wi-fi equipment for service providers and enterprises. our equipment is extremely reliable and easy to deploy. and now with so many mobile devices and the whole interest in mobile internet, we are
, the peaceful march across the world across the parched land and the dense rain forest of the congo. technology is transforming thicks. everything is speeding up. everything is opening up. now if i can talk about something i actually know about for a moment. this feeling reminds me a little bit maybe more than a little bit of the arrival of punk rod in the '70s. you see, the clash or the baffs of the rock and roll pyramid, and overnight gave the finger to the dreadful business, the top of the pyramid, it was called progressive rock. open sick songs. no good lyrics. [laughter] great reviews. [laughter] punk bands made no pretends of being better than the audience. they were the audience. if you. ed to play, grab a guitar. energy was in. the clash like a public service announcement with guitars. and they gave u12 2u2 that social act vifm could make as a musical rite. i like to point out that none of your professor, not a single one has ever drawn or likely to draw the connection between the arab spring and the clash. [laughter] [applause] just a little intermission. and okay. sharpen your pencils
strikes me as a step to get the behavioral change and the technological innovation we will need to adjust and adapt to what we have already done. a carbon tax also raises revenue in a way that could be used in different forms. it has an additional benefit associated with it. i am in favor of it. i do not think it is remotely plausible within the narrow political discussion we're having today. >> we start seeing gasoline prices coming down because the price of oil starts to fall because of all the activity producing in this country, maybe that will be an opportunity to increase the federal gasoline tax. with 50 cents a gallon federal tax. >> the only problem is from a climate perspective, transportation and gasoline is a small share of the problem. the problem is really in the energy sector. without a carbon tax, you're not directly getting at that. >> i think the carbon tax makes enormous sense to do with the environment impact of energy use. you can design one in a way that does not cause too much harm for american industries that compete with folks abroad. consumption tax, there are thi
. in energy we have created 1 billion pounds for capture in storage, one of the key technologies of the future. we created the world's first green investment bank. we're pioneering a new incentive for heat systems in people's homes, and we are putting in place a robust financial framework to incentivize renewable electricity. as a result, more than 12 billion pounds has been committed to into renewable projects in the u.k. and the past 18 months alone with the potential to support around 20,000 new jobs. we've also created new incentives to squeeze more oil and gas out of the north sea, including from the marginal fields. when we see opportunity, we must go for it. look at the way we of got behind tech city right here in london. two years ago there were around 200 digital companies. today there are 1200. with major tech companies like amazon and facebook setting up developer centers, this is now becoming the fastest-growing technology cluster anywhere in the world. we will be publishing new strategies for aerospace and ameritech, alongside it clear, offshore renewable and more to come. this st
living the good life. crest. life opens up when you do. that bringing you better technology helps make you a better investor. with our revolutionary e-trade 360 dashboard you see exactly where your money is and what it's doing live. our e-trade pro platform offers powerful functionality that's still so usable you'll actually use it. and our mobile apps are the ultimate in wherever whenever investing. no matter what kind of investor you are, you'll find the technology to help you become a better one at e-trade. [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. >>> welcome back to "hardball." the president answered questions for the first time on the scandal that forced the resignation of his cia director. listen to how well he
to technology. >> the reality show is called "silicone valley" and it's now starring on bravo. the show benefits from the convergence of technology and pop culture. check it out. >> technology is such a part of pop culture. it's a part of all of our lives. it's a part of how we parent our children. it's a part of how we get jobs. it's a part of how we find love. most people are within an arm's length of their mobile phones, like, 99% of the take. >> randy zuckerburg took the company public to start her own media company. >>> several stories caught our attention today. photos as well. take a look. in india a little girl holds a stick to balance as she tight-ropes in the streets. children earn a meager living for their families by street prfling. >>> this town was bombed by syrian forces. more than 100,000 syrians have fled to turkey since syria's civil war began just last year. >>> in new zealand prince charles learning how to use a gun used to make carpets. the royal logo is on the one he is working on. it's part of the queen's diamond jubilee float. >>> this is cnn newsroom. new details now on
volkswagen didn't make good on the promise to share environmental technology. volkswagen denied the claim. at the hearing, an arbitrator will hear arguments from both sides and sort out the issues. a decision by the court is legally binding. >>> researchers from germany, switzerland and austria unveiled a robot they say can walk around and find its way even in crowded cities with some help from people. the researchers say the robot iuro, interactive urban robot asks people for directions to get to its destination. >> in seems to recognize speech and detect obstacles in its way. it follows instructions like go straight and turn left. when iuro arrives at its destination, kit ask if it's in the right place. the researchers are hoping to develop robots that can help elderly people and others in the future. >>> that's all for now in business news. i'm going to leave you with the recap of market figures. >>> tokyo has been enjoying a break from the rain, but that may not last with the storm headed this way. rachel ferguson has the latest in weather. >> that's exactly right. there's a snowstorm
will transition right over to technology from now. those are some disturbing pictures. the tensions remained high of fraud. we are watching some of these tech stocks. names like dell and also hewlett-packard. here is a look at dell right now. it is down about 7%. dell cannot with numbers. the quarterly profit was nearly in half. once again, another quarter citing weak pc demand. there is no secret, it continues to be serious problems. that is not good news there. you have them all cutting their price targets. that, by the way, is a new low. february 09 lows today. lori: thank you. melissa: the fiscal cliff talks have been prompt and not much circumstance. lori: warning for college students in particular and their parents. we will tell you about that just ahead. ♪ lookinfor a better place to put your cash? here's one you may not have ought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly a
this one, using night vision goggles and infrared technology. so far, there's been no sign of the two, missing workers. but the coast guard is using the latest technology to find them before it's too late. it's an all-out effort from the coast guard's units from the air and the sea, for the 2 oil platform workers who have now been missing close to 24 hours. authorities have not revealed their names or even genders. but they believe they are out somewhere in the massive gulf of mexico, alive. the two disappeared after jumping into the water off the coast of louisiana when the oil platform they were working on suddenly exploded. the blast was so intense, black smoke billowed more than 1,000 feet into the air and could be seen 20 miles away on shore. black elk energy, the houston-based company who owns the platform, says 1 of the 22 contractors onboard, improperly used a blowtorch to cut the pipeline igniting the explosion. 11 workers were injured, medevacked to safety. four with severe burns. >> they treat us contractors as part of their family. so, when there's an incident, it hurts. >
of the dense rain forests of the congo. technology is transforming things. everything is speeding up. everything is opening up. if i can talk about something i actually know about for a moment, this reminds me of the arrival of punk rock in the mid-70's. the clash was the very base of the rock-and-roll pyramid. overnight they gave the finger to be dreadful business that was at the top of the pyramid. it was called progressive rock. great reviews. epic songs, no good lyrics. great reviews. but the band made no pretense of being better than the audience appeared they were the audience. virtuosity was out. the clash were like a public- service announcement with guitars. they gave u2 the idea that social activism could make for a good social right. i would like to point out none of your professors as ever draw the connection between the arab spring and the clash. [applause] [laughter] little intermission. ok. sharpen your pencils. i do not need to lecture you about change of the air you breathe. you are in it. i think change is your expectation. what might mean for you when the pyramid a
was put in place in 1992. it was to be a temporary measure. it was going to boost the new technology. 20 years later, president obama's respected energy secretary says wind is a mature technology. and what have we got after 20 years and billions of dollars of subsidies? a puny amount of unreliable electricity. our country uses nearly 25% of all the electricity in the world. wind produces 3% of that. of course, it only produces it when the wind blows. it's not easy to store it. so it is of limited use in a country that needs huge amounts of low-cost, clean, reliable electricity. relying on wind power is the energy equivalent of going to war in sailboats when nuclear submarines are available. the wind subsidy is so large, mr. president, that wind developers are now paying distributors to take their wind power under cutting the base load energy plants that are necessary to provide the reliable electricity we need for the country. and on top of that, there are better ways to produce clean electricity, better ways than subsidizing a technology that destroys the environment in the name of savi
'r talmo an40aing for -- to increase the range even more. they're getting this technology from the ukraine and russia, they have palest havinians udied at the universities there. they have taken the technology home. this is widespread grad rocket -- katyusha rocket technology. >> if this becomes a ground war, i asked ben the same question this changes how? >> it changes in terms of civilian casualties, it is unavoidable if you put that much firepower in there. remember there is still the question here, post arab spring, everybody is looking to see mohamed morsi, turkey, these are muslim brotherhood, if you will, governments. they're looking for them, don, to in one way or another bring hamas under control, to calm us down. nobody wants a full blown conflict. fattah doesn't want it in the west bank. israelis don't want to see it. they're feeling more insecure than they have in years. they understand the current strategy won't hold in the future. >> this man knows his stuff. appreciate it, sir. >>> developing now here in the u.s., two people are missing after an oil platform explodes in the
that's literally shooting down incoming rockets midair. with 90% accuracy. the amazing technology behind it, coming up next. what if there was a new way to deal with money that focused less on fees and more... on what matters? maybe your bank account is taking too much time and maybe it's costing too much money. introducing bluebird by american express and walmart. your alternative to checking and debit. it's loaded with features, not fees. because we think your money should stay where it belongs. with you. the value you expect. the service you deserve. it feels good to bluebird. get it at your local walmart. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. sven's home securi
walk into a conventional mattress store, it's really not about you. we have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your body needs. each of your bodies. so whatever you feel like, sleep number's going to provide it for you. during the final days of our semi-annual sleep sale, save $500 on our classic series special edition bed set . selected beds but hurry sale ends sunday. you'll only find the innovative sleep number bed at one of our 400 stores, where queen mattresses start at just $699. bp has paid overthe people of bp twenty-threeitment to the gulf
. we have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your body needs. each of your bodies. so whatever you feel like, sleep number's going to provide it for you. during the final days of our semi-annual sleep sale, save $500 on our classic series special edition bed set plus special financing on selected beds but hurry sale ends sunday. you'll only find the innovative sleep number bed at one of our 400 stores, where queen mattresses start at just $699. [ male announcer ] you've reached the age where you don't back down from a challenge. t
% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. so, what happens if i'm in an accident and need to get my car fixed? progressive makes it easy, because we give you choices. you can pick where to get your car fixed we can cut you a check or, at our service center, we take care of everything for you. [ relaxing music playing ] [ chuckles ] -whew, so many choices. -take your time. -the service center. -okay. giving you choices -- now, that's progressive. call or click today. we saw that last tide commercial with the parents and the cute little baby triplets... well wait until your triplets move back home after college. we were enjoying our empty nest. and now it's just a nest full of laundry. lucky underwear. we were going through so much of that bargain detergent... and the clothes didn't look as good. but since we switched to tide, we use much less. their clothes are looking much more...uh... what's the word? clean? employable. [ female announcer ] one cap of tide gives
of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> good morning and welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick and andrew ross sorkin. our top story is an economic ticking time bomb. what am i talking about? the fiscal cliff. about a dozen ceos are scheduled to meet with president obama today, including ge's jeff immelt. et another friend of the show,
of state of the art oil spill prevention and response technologies, education, research and training. and more than $1 billion will go to the united states cost guard's oil spill liability trust fund to be available for clean-up and compensation for those affected by oil spills in the gulf and throughout the united states. now, as part of its guilty plea, bp will retain a monitor for four years who will oversee safety, risk management and equipment maintenance in relation to deepwater drilling in the gulf and an independent auditor who will conduct annual reviews to ensure compliance with the terms of this agreement. the company will also hire an ethics monitor to improve its conduct and to foster robust cooperation with the government. now, there can be no question that this historic announcement represents a critical step forward and really underscores the justice department's determination to stand with gulf coast communities. in february, the same commitment led to the department to reach a partial settlement with mo-x offshore related to the company's liability for the deepwater
for technology. i don't really feel like i'm paying a lot for all this digital stuff. i don't feel -- >> i did tell you about what happened on a delta flight with my family, though. we had an engine blow out in midair and had an emergency landing. and that's not to suggest that -- >> i don't feel like every time one of our airlines go up that there's a chance it will crash. you don't let me say this, but when is the last -- remember every year the media would rush to the big 200 person dead -- remember? >> i was just on a delta shuttle on wednesday or tuesday. >> when was the last major -- >> let's hope we never have to hear about another one. >> and you hear about the air traffic near misses and things like that. and i pray and hope and knock on wood, but 50,000 takeoffs and landings a day. >> statistically -- >> can we go to london? >> not on an old jet. p. >> becky would like us to talk about the global markets report. kelly evans is across the pond. we won't fly to you. we'll do it by satellite. >> good morning. i'm cringing as i listen in, but i'm also cringing at some of the market actio
, the technical support and we also see the technology that we're using to bring down some of the missiles. >> danny dennen deputy speaker of the knesset. thank you very much, sir. >>> coming up next hour, i'll talk with a member of the palestinian legislative council. >>> a billionaire's view of the fiscal cliff. warren buffett's take on the expected economic disasters and whether he thinks there is hope of a last minute deal. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars that moment you enjoy it at home. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're wor
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the cold truth and save $1 visit alka-seltzer on facebook. we have so much technology in our store to really show the customers what's going on with their bodies. now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. during our semi-annual sleep sale, save $500 on our classic series special edition bed set. plus special financing on selected beds final days. sale ends sunday. exclusively at a sleep number store, where queen mattresses start at just $699. >>> president obama made some plans in his first term but he's bound to be dogged by them in his second term. the eurozone fell back into recession in the third quarter. that is the second time since the financial crisis began in 2009. modest growth from nations like france and germany couldn't make up for a slump across europe. unemployment has climbed as high as 25% in countries like spain and greece. that's the official unemployment rate. president obama will need to focus on this coming storm as it threatens america's shores f
in the red, nostrils and telecom were the top performers while utilities and technology stocks lagged a little bit. copper rebounded from a two-month low after greece lawmakers gave the euro a boost against the dollar. closing 7638 per ton, posting a gain after five straight weeks of losses. the euro holding two-month lows versus the dollar uncertainty, weighing on the currency. hit an intraday low of $1.27 down nearly 2% against the greenback so far this month. sandra: jerry leavy to tell us what another 4% dip could be on the way and the biggest money makers, why outside the united states. very, what is the deal here? this huge selloff last week and yet before the election everybody said that the elections behind us, skip third-quarter earnings season, we will have certainty in the market and it will rally, it is just not happening. >> we are treading water. what is behind all this is traders are coming to the terms with the fact a lot of things have to go right for the market to make the next move upward. that doesn't happen, we will easily see a 5% correction. we are worried about
technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number settingnd allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your body needs. each of your bodies. so whatever you feel like, sleep number's going to provide it for you. during the final days of our semi-annual sleep sale, save $500 on our classic series special edition bed set plus special financing on selected beds but hurry sale ends sunday. you'll only find the innovative sleep number bed at one of our 400 stores, where queen mattresses start at just $699. >> and what's going to happen when trading begins on wall street. it's thursday morning, and we're what, eight days after the elect
to bring in new technology. i've got to bring in the uab. fought to bring in the excess equipment from iraq and afghanistan after coming back. we are doing all this. we have to work together. >> i appreciate your efforts. the message being undermined to allow those new resources to happen in to get what we need when we give mixed messages. last year, you have a press release that said the u.s. has not seen any spillover violence. saying that when we are acknowledging that our law enforcement has been engaged in a gun battle. we have had people killed. narcotics have been caught. that is what is competing this. we need to recognize it for what it is. transnational criminal organizations -- we cannot pursue them across the international border. we will put what ever it takes to defend the sovereignty -- >> he made a point that there was a bill to fund more border patrol agents. i think it is well-known that republicans in washington do not like to spend a lot of money. his comments were that members of your own party do not want to fund this initiative. >> people are tired of blaming parties.
of infringing on its technology. and citigroup will pay 15.5 million each to former ceo vehicle recomme vikram pandit reflectinging t t progress the coma. >> some of it was money that it already -- i thought the number was 6.6 smld what they actually gave him as an incentive fee. >> for leaving? >> well, that's the irony of it. >> going quietly maybe. >> he didn't go that quietly actually. he said it was his choice. he blamed everybody else. >> that's all boiler plate, isn't it? >> i guess so. >> so the jacket was deliberate. >> honestly i said to myself i don't have a pin today and maybe i will just not wear the jacket as a wave rising above. >> interesting. >> mac even came over to hand me the jacket. >> i saw. >> deliberate. >> goldman sachs is in settlement talks over an $8.3 billion position that one of the traders had concealed five years ago. a settlement is expected in coming weeks. and i probably -- do i look different today? no? not really? >> did you get a haircut? >> no. i got power. last night. >> you got power. >> last night. >> like 11:00 last night? >> 11:00. >> so almost two f
a different approach, so if you look at our kindle fire hd, high definition display, packs a lot of technology into a very low price point, $199 because we don't make any profit when we sell the device. we sell the device near break even and we hope to make money over time as people use the device. they buy e-books and mp3s and buy gains. that's a different approach. it's working for us. kindle fire hd is our number one best-seller globally. >> let me put you on the spot a little bit. 1999 you were named "time" magazine's person of the year. i was on a panel other day when they are trying to figure out 2012's person of the year. who should it be? >> my goodness. way too hard of a question. >> give it a shot. >> matt lauer. >> it could be barack obama, i mean, a lot of candidates. who do you think it should be? >> you have put me on the spot. i don't know. >> no clue. >> well, think about it and get back to it. >> in an election year obama would be a pretty good choice. >> "fortune" magazine's business person of the year for 2012. that's a big deal, jeff. congratulations. >> thank you, matt. >>
foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. brown: israel and the militant group hamas slid closer to all-out war today. the israelis blasted gaza with scores of air strikes, and the palestinians said 16 people were killed there. hamas and its allies fired more than 200 rockets and even struck as far away as tel aviv. three israelis were killed. we begin with this report by john ray of "independent television news." ( gunfire ) >> reporter: in gaza, gunfire and a thirst for revenge. thousands throng the streets for the funeral of a hamas leader killed by israel. the first death of this conflict but how many more will follow? the mood here is of great anger and defiance. militarily, hamas is no match for the israeli air force. but they say this ia death that must and will be avenged. so,
the middle class has been squeezed because of globalization and technology, because of market forces, impersonal forces. when i dug into this and started to look back, what i found out what really happened, back when you were working for tip o'neill as speaker of the house, that was when there was a power shift. louis powell, who was a corporate attorney named to the supreme court by richard nixon, actually wrote a memo and said, we're getting killed. business is getting killed politically by the environmental movement, by the labor movement, by the women's movement, by the consumer movement, ralph nader and those guys. he said, business you have to get to washington, take to high ground. and sure enough, literally within months, the business roundtable was formed, national association of manufacturers moved their headquarters to washington. there were 175 companies when powell wrote his memo, that had lobbying offices in washington. several years later, there were 2,400, 50,000 people working for business trade. they stuffed the consumer movement. they got deregulation. they got tax
technology? [laughter] >> let's take three more questions. the three people who are in line. >> mr. wolfe, um, i'm a native miamian, and thanks to you about 20 years ago there were three gentlemen running across i-95, um, asking if they could help my husband and i. and i knew what was going down having read "bonfire of the vanities." they weren't coming to help me at all. [laughter] and we were robbed at gunpoint. but i've since lived here for a long time and raised three children, and it's a wonderful city. i love miami, and i just wondered after you having done your research and meeting all these interesting characters that we clearly have no shortage of here, if it's the kind of place that you think you could live. >> well, i think there's no blanket statement that i think i could make because there's such variety in miami. i don't know these statistics for single mothers and things like that, you probably do, but it's, it's such a complicated, it's really such a complicated subject. but it wouldn't hurt people to cut down a little bit, seems to me. >> do you think you could live here? do
the kindle. >> if you look at our kindle fire hd, high-definition display, pack a lot of technology into a very low price point. $199. because we don't make any profit when we sell the device. we sell the device near break-even and then we hope to make money over time as people use the device. they buy ebooks, they buy mp3s, they buy games and that's a different approach. it's working for us. >> certainly working for apple as well. amazon, of course, the stock for the year up now 30%. >> simon, thank you. >>> the fiscal cliff and shifting tax landscape, which have dominated the financial and political dialogue, has prompted many investors to take fresh looks at their portfolios and financial futures. to that end, fidelity investments with $3.8 trillion under management. kathleen, welcome back. i wonder what you're hearing from the people for whom you manage money about the fiscal cliff and whether they, in their portfolios, feel hostage in any way to what's going on in washington. >> we recently surveyed our investors and they told us in terms of the issues upper most on their mind,
the best deals on all the latest technology. turns out, bruce does. bruce: woo! yea! black friday! vo: come in on black friday at midnight this thanksgiving to find the perfect gift. like a toshiba 40" tv for only $179.99. or a lenovo laptop for $187.99. the hottest prices, and amazing deals. only at best buy. from tests like this. ♪ and even more from real families who use them like this. we think there's another test to consider. it's based on one simple question. after living with your van, would you buy it again? more town & country owners do than the owners of any other minivan. it's called the test of ownership, and to us, it's the most important test there is. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. >> logan: we're about to take
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